Showing 1 - 10 of 113
Persistent link: https://www.econbiz.de/10010818418
This study consists of an examination of productivity growth following three major technological breakthroughs: the steam power revolution, electrification and the ICT revolution. The distinction between sectors producing and sectors using the new technology is emphasized. A major finding for...
Persistent link: https://www.econbiz.de/10005645283
This paper builds a theory of the shape of the distribution of total-factor productivity (TFP) across countries. The data on productivity suggests vast differences across countries, and arguably even has “twin peaks”. The theory proposed here is consistent with vast differences in long-run...
Persistent link: https://www.econbiz.de/10008675722
No abstract.
Persistent link: https://www.econbiz.de/10010684427
While the importance of institutions for explaining cross-country income differences is widely recognized …, comparatively little is known about the origins of economic institutions. One strand of the literature emphasizes cultural …
Persistent link: https://www.econbiz.de/10005645416
exceptionalism: Sweden became rich because of well-functioning capitalist institutions, and inequality was low before the expansion …
Persistent link: https://www.econbiz.de/10010818548
political institutions and industry characteristics of the US, while the features of the second equilibrium better describe …
Persistent link: https://www.econbiz.de/10008562417
No abstract.
Persistent link: https://www.econbiz.de/10010818353
trade expansion. Specifically, we present a stages-of-growth model in which the four phenomena are jointly endogenous and …
Persistent link: https://www.econbiz.de/10005639328
The paper demonstrates how trade between developing countries can cause the divergence of long-run growth among these … trade occurs at any moment if the countries have different numbers of intermediate varieties. The country with a larger … number produces more manufactured goods than the other country does. In the bilateral trade the advanced country exports …
Persistent link: https://www.econbiz.de/10005645340